![]() Fourth-quarter year-over-year organic net sales decreased by (0.2)% in the EVM segment and increased by 13.5% in the AIT segment.įourth-quarter 2022 gross profit was $685 million compared to $669 million in the prior year period. Consolidated organic net sales for the fourth quarter increased 3.9%. Asset Intelligence & Tracking ("AIT") segment net sales were $481 million in the fourth quarter of 2022 compared to $436 million in the prior year period. Net sales in the Enterprise Visibility & Mobility ("EVM") segment were $1,022 million in the fourth quarter of 2022 compared with $1,031 million in the fourth quarter of 2021. Net sales were $1,503 million in the fourth quarter of 2022 compared to $1,467 million in the fourth quarter of 2021. I am confident that Bill Burns, our incoming CEO, will continue to advance our Enterprise Asset Intelligence Vision and elevate Zebra’s role in digitizing & automating our customers’ operations.” Our customer value proposition is resonating and we are well positioned to extend our lead in the industry with our innovative solutions. “Although our order backlog and pipeline of opportunities remain healthy, we are taking a cautious approach to our outlook in this uncertain macro environment. We are recovering from supply chain challenges and achieved sales and earnings performance at the high end of our outlook, driven by double-digit growth in the Americas,” said Anders Gustafsson, Chief Executive Officer of Zebra Technologies. “Our team delivered strong fourth quarter results to close a challenging year. LINCOLNSHIRE, Ill.-(BUSINESS WIRE)- Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced results for the fourth quarter and full year ended December 31, 2022. Non-GAAP diluted EPS increased 4.6% year-over-year to $4.75Īdjusted EBITDA increased 6.0% year-over-year to $338 million Net income of $186 million and net income per diluted share of $3.57, year-over-year decrease of 2.6% and increase of 0.6%, respectively So we're very much inspired by what we're seeing at Zebra Technologies thanks to its ability to profitably reinvest capital.Net sales of $1,503 million year-over-year increase of 2.5% The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 52%. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 18%. ![]() The trends we've noticed at Zebra Technologies are quite reassuring. If you'd like, you can check out the forecasts from the analysts covering Zebra Technologies here for free. NasdaqGS:ZBRA Return on Capital Employed October 23rd 2022Ībove you can see how the current ROCE for Zebra Technologies compares to its prior returns on capital, but there's only so much you can tell from the past. On its own, that's a standard return, however it's much better than the 12% generated by the Electronic industry. So, Zebra Technologies has an ROCE of 18%. Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)Ġ.18 = US$946m ÷ (US$7.4b - US$2.1b) (Based on the trailing twelve months to July 2022).
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